Fill in the blank.(4 points)

Question

Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
In Response area economies, Response area make decisions based on prices set in competitive markets. In Response area economies, decisions are made by the Response area about what to produce, how to produce it, and for whom it will be produced.

Answer 1

In market economies, producers make decisions based on prices set in competitive markets. In command economies, decisions are made by the government about what to produce, how to produce it, and for whom it will be produced.